Europac International Correlations

EPDIX Fund

USD 13.33 0.06 0.45%

The current 90-days correlation between Europac International and Europac International Dividend is 1.0 (i.e., No risk reduction). The correlation of Europac International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Europac International Correlation With Market

Very weak diversification

The correlation between Europac International Dividend and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europac International Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Europac International Dividend. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Europac Mutual Fund

0.73	EPBIX	Europac International	Pair Corr
1.0	EPDPX	Europac International	Pair Corr
0.79	EPGIX	Investment Managers	Pair Corr
0.78	EPGFX	Europac Gold	Pair Corr
0.67	EPIBX	Europac International	Pair Corr
0.73	EPIVX	Europac International	Pair Corr
0.73	EPVIX	Europac International	Pair Corr
0.86	DOXFX	Dodge Cox International	Pair Corr
0.61	OANIX	Oakmark International	Pair Corr
0.86	DODFX	Dodge International Stock	Pair Corr
0.61	OAYIX	Oakmark International	Pair Corr
0.76	FINVX	Fidelity Series Inte	Pair Corr
0.79	VTRIX	Vanguard International	Pair Corr
0.8	RRIGX	T Rowe Price	Pair Corr
0.83	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.85	ILBPX	Voya Limited Maturity	Pair Corr
0.82	FJAYX	Fidelity Freedom Blend	Pair Corr
0.83	RAZCX	Multi Asset Growth	Pair Corr
0.79	BALFX	American Balanced	Pair Corr
0.91	SWHYX	Schwab Opportunistic	Pair Corr
0.95	RAPCX	Cohen Steers Real	Pair Corr
0.9	PQTNX	Pimco Trends Managed	Pair Corr
0.84	FMTIX	Franklin Moderate	Pair Corr
0.76	AULNX	American Century Ultra	Pair Corr
0.79	RBOGX	Intermediate Bond	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.92	POGRX	Primecap Odyssey Growth	Pair Corr

Related Correlations Analysis

	EPDPX	EPVIX	WIORX	VPV	EHI	NWGPX	DRIJX	EVMBX	NWKEX	TBCUX
EPDPX		0.73	0.71	0.9	-0.54	-0.68	0.8	0.91	-0.68	0.36	EPDPX
EPVIX	0.73		0.55	0.52	-0.12	-0.36	0.48	0.6	-0.36	0.38	EPVIX
WIORX	0.71	0.55		0.67	-0.35	-0.25	0.69	0.85	-0.25	0.57	WIORX
VPV	0.9	0.52	0.67		-0.46	-0.73	0.82	0.92	-0.73	0.31	VPV
EHI	-0.54	-0.12	-0.35	-0.46		0.41	-0.42	-0.49	0.4	0.04	EHI
NWGPX	-0.68	-0.36	-0.25	-0.73	0.41		-0.45	-0.64	1.0	0.22	NWGPX
DRIJX	0.8	0.48	0.69	0.82	-0.42	-0.45		0.84	-0.45	0.53	DRIJX
EVMBX	0.91	0.6	0.85	0.92	-0.49	-0.64	0.84		-0.64	0.39	EVMBX
NWKEX	-0.68	-0.36	-0.25	-0.73	0.4	1.0	-0.45	-0.64		0.22	NWKEX
TBCUX	0.36	0.38	0.57	0.31	0.04	0.22	0.53	0.39	0.22		TBCUX
	EPDPX	EPVIX	WIORX	VPV	EHI	NWGPX	DRIJX	EVMBX	NWKEX	TBCUX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NWKEX	+ 1.0	NWGPX
EVMBX	+ 0.92	VPV
EVMBX	+ 0.91	EPDPX
VPV	+ 0.9	EPDPX
EVMBX	+ 0.85	WIORX
EVMBX	+ 0.84	DRIJX

High negative correlations

NWKEX	- 0.73	VPV
NWGPX	- 0.73	VPV
NWKEX	- 0.68	EPDPX
NWGPX	- 0.68	EPDPX
NWKEX	- 0.64	EVMBX
EVMBX	- 0.64	NWGPX

Risk-Adjusted Indicators

There is a big difference between Europac Mutual Fund performing well and Europac International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Europac International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EPDPX	0.58	0.11	0.13	0.28	0.47	(0.69)	1.25	(1.05)	3.37
EPVIX	0.70	0.06	0.04	0.15	0.83	(0.77)	1.42	(1.35)	4.33
WIORX	0.11	0.01	(0.15)	0.69	0.00	(0.18)	0.33	(0.22)	0.77
VPV	0.40	0.10	0.11	1.43	0.25	(0.51)	0.87	(0.97)	3.27
EHI	0.30	(0.02)	0.00	(0.76)	0.00	0.00	0.48	(0.62)	2.05
NWGPX	0.86	(0.11)	0.00	1.31	0.00	0.00	1.93	(1.61)	4.72
DRIJX	0.47	0.01	0.00	0.05	0.70	(0.44)	0.98	(0.99)	3.71
EVMBX	0.13	0.06	0.11	6.16	0.00	(0.24)	0.47	(0.12)	0.94
NWKEX	0.85	(0.11)	0.00	1.31	0.00	0.00	1.96	(1.59)	4.70
TBCUX	0.49	(0.03)	0.00	(0.28)	0.00	0.00	0.87	(1.05)	3.38

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